One of my favorite parts of dividend investing is checking my brokerage account and seeing deposits from dividends. This amount has consistently gone up each quarter.
I originally started my DG strategy back in April of last year. I’ve built up my dividend income from $288.67 in the first quarter of 2012 to $909.31 in the first quarter of 2013. The majority of my extra income each month has been put right back into dividend growth companies.
I just recently hit the $6000 mark in forward 12-month dividends. This is over $500/month in dividends that I won’t have to work any extra to receive. Not only will I receive this amount monthly even if I don’t contribute any more, but this amount will continue to increase. The majority of companies I’ve bought have long histories of increasing their dividends at rates higher than inflation.
Here’s a look at the growth of my dividend income:
The 12-month forward dividends creates a much smoother graph since it takes a full years’ dividends into account. If you look at the monthly dividends you will notice that every three months is a higher amount than the previous three months. This is due to companies paying out dividends quarterly. The majority of my payers are on the M/J/S/D cycle.
I plan to continue to add fresh capital into DG companies regardless of what the market is doing. I hope the time it takes me to get to $1000/month in dividends is shorter than the first $500.
Congrats! That truly is amazing to see that you’ve increased your dividend income that much in just over a year. Fantastic. I’m sure that the $1,000 / month goal will hit even quicker since you have such a larger base to grow from.
Hey PIP,
Thanks! I’ve definitely made more progress than I ever thought I would in just a year. I hope I can keep it up. You’re right, the larger dividends I’m now receiving should help me hit that $1000/month mark sooner.
Thanks for stopping by!
AAI congrats on your recent achievement. On top of your dividends your throwing real estate income into the mix, further diversifying your income. It will be great to see how your portfolios develop now that your 2nd is paid off and your other debts continue to be reduced as well!
Hi Investing Early,
Thank you! I continue to stick to my plan of having half of my net work tied up in real estate and half in equities. Paying off the 2nd mortgage was huge and since I don’t plan on going anywhere for a while, my expenses should only go down. I’m coming up with a plan to pay off the condo by the middle of next year also. I’ll probably be contributing half in DG stocks and half to pay down that mortgage. I keep checking in on your progress as well and you seem to be doing great. Keep it up!
Take care!
Excellent — keep up the good work!
Hi DGM,
Thanks for the encouragement. It’s nice to have a community of similar-minded investors that can help and encourage each other.
Cheers!
You really should do the monthly dividend-chart with columns instead.
Hi Chrimatistikos,
Thanks for stopping by from Sweden. You are probably right, the second graph might be easier to read if I used some type of bar graph. I may do that next time and see how it turns out. Thanks for the suggestion and thanks for stopping by!
Wow now that’s some nice progress. $500 is a big milestone for sure! I can’t wait till I hit the $500 mark one day. I would bet that your road to the $1000 will be shorter especially with more and more dividend increases.
Hi Captain,
Thanks, It took me a little over a year to get there. I hope to hit the $1000 mark in one year from now or less. I stopped by your site, love the character. You are doing well yourself, keep it up. I’ll be stopping by for updates.
Take care!
500 bucks a month in dividend income is absolutely awesome! It’s gotta be a great feeling to know the pot is growing without having to put in another second at the office. Great job!
Hi John,
Thanks, this post is a little old now though. Look out soon for a $1000/month post!
Cheers!